Thailand Bioanalytical Testing Services Market Size & Outlook
Related Markets
Thailand bioanalytical testing services market highlights
- The Thailand bioanalytical testing services market generated a revenue of USD 25.3 million in 2024 and is expected to reach USD 59.2 million by 2033.
- The Thailand market is expected to grow at a CAGR of 9.9% from 2025 to 2033.
- In terms of segment, small molecule was the largest revenue generating molecule in 2024.
- Large Molecule is the most lucrative molecule segment registering the fastest growth during the forecast period.
Bioanalytical testing services market data book summary
| Market revenue in 2024 | USD 25.3 million |
| Market revenue in 2033 | USD 59.2 million |
| Growth rate | 9.9% (CAGR from 2025 to 2033) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | Thermo Fisher Scientific Inc, Icon PLC, Charles River Laboratories International Inc, Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Intertek Group PLC, Pace Analytical Services |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.5% of the global bioanalytical testing services market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 203.4 million by 2033.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Pace Analytical Services | View profile | 11-50 | Woburn, Massachusetts, United States, North America | https://www.pacelifesciences.com |
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Thailand bioanalytical testing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bioanalytical testing services market will help companies and investors design strategic landscapes.
Small molecule was the largest segment with a revenue share of 59.68% in 2024. Horizon Databook has segmented the Thailand bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2021 to 2033.
Thailand is one of the fastest-growing economies globally and the second-largest among Southeast Asian countries. The country offers low-cost manufacturing activities, thereby witnessing a steady increase in pharmaceutical services.
Pharmaceutical companies in Thailand are experiencing the impact of a growing elderly population, which is more susceptible to health issues such as stroke, heart ailments, cancer, and diabetes.
According to the Office of the National Economic and Social Development Board, the number of people aged over 60 is projected to reach approximately 13.5 million in 2023. The Thailand bioanalytical testing market is driven by significant R&D spending in the country.
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Target buyers of Thailand bioanalytical testing services market databook
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Our clientele includes a mix of bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Thailand bioanalytical testing services market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Thailand Molecule - Bioanalytical Testing Services Market size, 2024 - 2033 (US$M)
Thailand Bioanalytical Testing Services Market Outlook Share, 2024 & 2033 (US$M)
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